NVIDIA (NVDA) Acquires Icera for $367M in Cash
Tweet
Share
E-mailGet Alerts NVDA Hot Sheet
Price: $216.85 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +100.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +100.0%
Join SI Premium – FREE
NVIDIA (Nasdaq: NVDA) announced Monday that it has agreed to acquire Icera for $367 million in cash.
Icera is a leading innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets. Icera has more than 550 patents granted or pending worldwide, and its high speed wireless-modem products have been approved by more than 50 carriers across the globe.
This is a key step in NVIDIA's plans to be a major player in the mobile computing revolution," said Jen-Hsun Huang, President and CEO of NVIDIA. "Adding Icera's technology to Tegra gives us an outstanding platform to support the industry's best phones and tablets.
Icera is a leading innovator of top-performing baseband processors for 3G and 4G cellular phones and tablets. Icera has more than 550 patents granted or pending worldwide, and its high speed wireless-modem products have been approved by more than 50 carriers across the globe.
This is a key step in NVIDIA's plans to be a major player in the mobile computing revolution," said Jen-Hsun Huang, President and CEO of NVIDIA. "Adding Icera's technology to Tegra gives us an outstanding platform to support the industry's best phones and tablets.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Starts NVIDIA (NVDA) at Outperform
- reAlpha completes $8.5M InstaMortgage acquisition
- Trustar Bank to acquire Forbright Bank branches for $750M in deposits
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
